ES Journal - 2021/2022

[schizo]

This thing's heading up to 3950.

Well, good try. But better luck next time.

 

[SunTrader]

Wave 3 won't be denied.

Likely tomorrow too.

 

[Cessna06P]

Not the typical closing hour, done for today.

 

[Laissez Faire]

I tend to disagree, but that's OK. I think the market gives the clues -- you just can't let your biases and views get in the way.

Exactly what do you disagree on with regards to trading CPI and FOMC news releases?

 

[formikatrading]

Basically that the clues as to the market's direction were there. That taking a position before the release wasn't foolish if you just read the market momentum.

Exactly what do you disagree on with regards to trading CPI and FOMC news releases?

 

[Laissez Faire]

Basically that the clues as to the market's direction were there. That taking a position before the release wasn't foolish if you just read the market momentum.

Okay.

 

[formikatrading]

Okay.

Maybe it's just me, but I think the reward/risk for a short was fairly apparent:

 

[SunTrader]

It worked of course but DeMark prefers TDSeq bar#13 close to be higher than TDSeq bar#8 close

 

[formikatrading]

Honestly, the seq indicator was a "nice to have" but I had weak momentum all over the place.

It worked of course but DeMark prefers TDSeq bar#13 close to be higher than TDSeq bar#8 close

 

[SunTrader]

Honestly, the seq indicator was a "nice to have" but I had weak momentum all over the place.

Me too.

And as I mentioned yesterday a couple of times - wave 3 down but now momo accelerating.

edit : uploaded wrong pic at first.